Remortgage in London | Remortgage Advice in London

Remortgage in London

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Finding you the Perfect Remortgage Deal!

Once you’re almost at the end of your initial fixed mortgage period, you may be looking to Remortgage in London.

 

Across our over two decades of helping homeowners with their Remortgage in London, we have helped thousands of customers find more appropriate and competitive Remortgage deals to match their needs.

 

Remortgage Advisors in London

Our dedicated team of remortgage advisors in London have the ability to search through 1000s of Remortgage deals for you. If they find a more suitable deal that matches your circumstances and you are happy to proceed with it, we can get started with the process of your mortgage and get your application for a remortgage in London submitted to the lender.

 

We want what is best for you and will always recommend the best path for you to take as a homeowner. If you would be better off with your current lender and simply doing a product transfer, our Mortgage Advisors in London will inform you of such. We believe in full transparency with the customer.

 

It is highly recommended that you take advantage of the free Remortgage appointments we have available. Getting a free mortgage review may allow you to access much better mortgage rates, saving money in the long run.

 

Book your free remortgage review with a reputable Mortgage Broker in London today and we’ll get started on your remortgage in London.

 

How does it work?Get a quote nowMeet your advisor

We search 1000s of mortgage deals across a large number of lenders, including:

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Popular Reasons to Remortgage in London

Remortgage to Find a Better Deal

When you near the end of your mortgage in London, you’ll need to start looking at what your next step will be.

 

We tend to find that most homeowners will look to take out a Remortgage in London, as once you are at this point, you will automatically move onto your lenders Standard Variable Rate. This is less than ideal for most people.

 

This is because the interest rate for an SVR is often a lot more than your initial fixed period, meaning you will have higher monthly repayments to make.

 

This is why many of those looking to Remortgage in London will seek mortgage advice.

Remortgage in London to Fund Home Improvements

We have worked hard over the years to provide support to various unique customers. This is especially the case when they are releasing equity from their homes to fund any home improvements.

 

This is often an option for homeowners who want to make a change to their home but don’t want to move. We regularly hear of things such as a home extension, a new kitchen, or a loft conversion.

 

If you are wondering what the potential paths you can take to release a large amount of equity for this purpose, we would recommend getting in touch.

 

We have a vast selection of mortgage lenders who may be able to help, though they will want to see any quotations for the potential costs.

Remortgage to Consolidate Debts

Some homeowners may look to put any unsecured debts into your mortgage. This is because doing so will allow you to merge all your outgoings into a much more manageable monthly payment. Better still, that payment will remain the same all throughout.

 

It is very important to remember though that this will extend your debt across the entire course of your mortgage term. By the time it has been paid off, you will have paid a lot more overall. In general, consolidating debts is a risky process and is something to heavily consider, rather than jumping in unprepared.

 

Bearing this in mind, we recommended that you get in touch with a Mortgage Broker in London before you look to secure any debt against your home.

 


 

You should think carefully before securing other debts against your home. By adding your unsecured debts to your mortgage, which is secured on your home, you are potentially putting your home at risk if you cannot make the required repayments.

 

Although the total monthly cost of servicing your debt may have reduced, the total cost of repayment may still have risen as the term of your mortgage is longer than it may have taken to repay the debts originally.

 


 

Remortgage in London to Remove a Name

If you co-own a home with a partner or friend and you are looking to take their name off the mortgage, you can do this by taking out a remortgage in London.

 

Even if you choose to remain with your current lender, you’ll have to go through a similar process to the first time you took out a mortgage. This is because a lender needs to have the confidence in your ability to pay back your mortgage, without backup from someone else.

 

For more information on the scenarios above or to better understand your Remortgage in London, feel free to get in touch and we’ll answer all of your mortgage questions.

Why choose us for your Remortgage in London?

Our hard working workforce of mortgage advisors in London will offer every customer who gets in touch, their very own free remortgage review for their remortgage in London.

 

We’re here for you all throughout the week, from early in the day until late at night, with appointments that are bookable at convenient times around your busy schedule, subject to availability.

 

Here at Londonmoneyman, we are very proud that we are able to provide our customers with a fast and friendly Mortgage Advice in London. We truly do love our jobs, ensuring customers can achieve their mortgage dreams.

 

To learn more about our mortgage advice service and how satisfied we leave our customers at the end of their process, please take a look at our company reviews. There are plenty of reviews from homeowners just like you, who were thrilled with the service we could provide.

 

Book your free remortgage review today and we’ll get your remortgage in London started, hopefully quicker and more streamlined than your initial mortgage already was. We’re here to provide you with a top tier customer experience, all throughout your process.

Reviews Stars5.00 Rating15 Reviews

Common mortgage
questions

You have the option to Remortgage in London, as a means of increasing the size of your mortgage to pay off any unsecured debts that you may have. Bear in mind though, there are some downsides so do not to rush this. We recommend that Mortgage Advice in London is always obtained prior to consolidating debts.

When opting to take advantage of our initial free remortgage consultation in London, your appointment will normally last around one hour. During this time one of our Mortgage Advisors in London will work to compare new deals against your current mortgage, using this to recommend the most appropriate deal going forward, with no obligation to proceed. From this point, you’ll be able to decide whether or not you wish to accept and proceed with the mortgage or take a step back and re-evaluate your options some more.  

The fees involved for your Remortgage will be similar to those involved when you started your current mortgage. Your dedicated Mortgage Advisor in London will be able to run through the fees with you, taking them into consideration when comparing the savings of the new deal versus your existing mortgage.

If you choose us as your Mortgage Broker in London, then our process will work as the following; One of our Mortgage Advisors in London will carry out a Fact Find to determine your, needs before recommending the most suitable mortgage available for you. A credit check will then be required for an Agreement In Principle.  Once all the relevant documentation has been gathered and the valuation of the property has been undertaken, a formal mortgage offer can be issued.

If you are looking to achieve something like debt consolidation or home improvements, you may be able to get a second mortgage. The option for a second mortgage can also be used on a second property if you are looking at using it for yourself, a family member, a holiday home or a Buy to Let.

Obtaining a mortgage if you have had previous credit problems isn’t completely impossible, but you may face certain hurdles, such as some lenders requiring that you put down a higher deposit than usual, perhaps 15% of the property purchase price.

Three payslips are generally what is required for an employee to prove their income and if you are Self-Employed, it’s usually the latest 2 years’ accounts. You will also need to produce some proof of ID, your address and the latest 3 months’ bank statements.

If you are on your Lenders Standard Variable Rate (SVR) of Interest, taking out a Remortgage will allow you to potentially save some money. Your dedicated mortgage advisor will be able to compare the new products available against the mortgage deal you’re currently on, in order to figure out what these savings may be. If you have some amount of equity in your property, a Remortgage would also allow you to release a portion of this money, if you need it. We often find that home improvements is a popular reason for this.

We make it so easy!
Our 4 step process

Step 1

An initial telephone call where we take some details and look at your Remortgage plan.

Step 2

A discussion about your personal requirements. You already own the property this time around, you can avoid the property chain!

Step 3

We will search and compare 1000s of products to find you the most appropriate deal.

Step 4

Application stage - We'll ensure everything goes smoothly with the lender. You'll have our support from your initial contact right through to when your remortgage process has completed.

A telephone call where we can take some initial details and find out about your plan of action.

Enjoy finding a property!

Make an offer on the property you set your heart on – we’ll finalise your figures and help you to get a good deal.

Our mortgage recommendation. We’ll try to find you the best mortgage deal. We’ll be there to support you, right through to you getting your keys.

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Londonmoneyman.com & Londonmoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited is Registered in England, No. 6789312 | Registered Address: 10 Consort Court, Hull, HU9 1PU.

Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk

The information contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK.
Should you have cause to complain and you are not satisfied with our response to your complaint, you may be able to refer it
to the Financial Ombudsman Service, which can be contacted as follows

The Financial Ombudsman Service, Exchange Tower, London, E14 9SR
www.financial-ombudsman.org.uk

© 2022 Londonmoneyman

Londonmoneyman, Unit 3A, 34-35 Hatton Garden, Holborn, London, EC1N 8DX, UK

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